Information on data protection

In compliance with Regulation (EU) 2016/679 on Data Protection and with other Data Protection regulations in force, you are hereby informed that your personal data shall be processed by Acciona, S.A. (hereinafter “ACCIONA”), whose identification data are as follows: Tax ID No. (NIF): A08001851, Address: Avenida de Europa, 18, Parque Empresarial de la Moraleja, 28108 in Alcobendas, Madrid, Tel. No.: +34 91 663 28 50, email: protecciondedatos@acciona.com. Your data shall be processed in order to send you information, through the subscription to our Newsletter through electronic means, regarding our services, products, activities and news pertinent to your activity sectors, which are specified on the Web Site, as well as those of other companies that comprise the Acciona Group, which can be consulted on the Web Site at www.acciona.com/shareholders-investors/financial-information/annual-accounts/.

The consent given by the data subject by indicating that they have read and accept this data protection information comprises the legal grounds for processing the data. If the party fails to provide the required data the subscription request cannot be satisfied. The data shall be stored until the elimination thereof is requested.

ACCIONA uses the platform MailChimp to send commercial communications and the newsletter. Sending these communications by using this tool entails the international transfer of data to the American company The Rocket Science Group LLC. This transfer is made under the scope of the EU-US Privacy Shield agreement. - Further information is available at the following link:

Other data transfers are not anticipated, except where required by law.

The data subject can exercise their rights of portability and to access, correct, eliminate, restrict and oppose the processing of their data before Acciona, S.A. by writing the Department of Data Protection located at Avenida de Europa, 18, 28108, in Alcobendas, Madrid or by sending an email to the following address: protecciondedatos@acciona.com. In either case, the data subject must enclose or attach a copy of their National ID (DNI) or other ID. Furthermore, at any time the data subject may withdraw the granted consent by contacting the aforementioned address and file a claim before the Supervisory Authority (the Spanish Data Protection Agency www.aepd.es).

Information on data protection

In compliance with Regulation (EU) 2016/679 on Data Protection and with other Data Protection regulations in force, you are hereby informed that your personal data shall be processed by Acciona, S.A. (hereinafter “ACCIONA”), whose identification data are as follows: Tax ID No. (NIF): A08001851, Address: Avenida de Europa, 18, Parque Empresarial de la Moraleja, 28108 in Alcobendas, Madrid, Tel. No.: +34 91 663 28 50, email: protecciondedatos@acciona.com. Your data shall be processed in order to send you information, through the subscription to our Newsletter through electronic means, regarding our services, products, activities and news pertinent to your activity sectors, which are specified on the Web Site, as well as those of other companies that comprise the Acciona Group, which can be consulted on the Web Site at www.acciona.com/shareholders-investors/financial-information/annual-accounts/.

The consent given by the data subject by indicating that they have read and accept this data protection information comprises the legal grounds for processing the data. If the party fails to provide the required data the subscription request cannot be satisfied. The data shall be stored until the elimination thereof is requested.

ACCIONA uses the platform MailChimp to send commercial communications and the newsletter. Sending these communications by using this tool entails the international transfer of data to the American company The Rocket Science Group LLC. This transfer is made under the scope of the EU-US Privacy Shield agreement. - Further information is available at the following link:

Other data transfers are not anticipated, except where required by law.

The data subject can exercise their rights of portability and to access, correct, eliminate, restrict and oppose the processing of their data before Acciona, S.A. by writing the Department of Data Protection located at Avenida de Europa, 18, 28108, in Alcobendas, Madrid or by sending an email to the following address: protecciondedatos@acciona.com. In either case, the data subject must enclose or attach a copy of their National ID (DNI) or other ID. Furthermore, at any time the data subject may withdraw the granted consent by contacting the aforementioned address and file a claim before the Supervisory Authority (the Spanish Data Protection Agency www.aepd.es).

Conclusions of COP21. The Paris Agreement

For the first time, all the countries have made a commitment to the common objective of limiting greenhouse gas emissions

COP is the acronym for Conference of the Parties, an event involving all the countries in the world that has been held since 1995 under the United Nations Framework Convention on Climate Change (UNFCCC) to seek an agreement that will slow the negative consequences of climate change; at the 21st COP, which concluded last Saturday, 12 December, the 196 states in attendance (195 countries plus the European Union) adopted the Paris Agreement; the agreement must be ratified by all the countries between April 2016 and April 2017 at the headquarters of the United Nations in New York, and it is scheduled to come into force in 2020.

Is it a good agreement?

Yes, because, for the first time, all the countries have made a commitment to the common objective of limiting greenhouse gas emissions.

Positive aspects: although it is not as ambitious as many would have liked, the agreement sets a clear path towards reducing emissions.

Negative aspects: carbon pricing has not been implemented, the mitigation and reduction targets are not legally binding, and there are no penalties for breach.

The document structure. What has been agreed

The document that emerged from COP21 comprises two parts:

The first part, the “Decision”, establishes the work that the countries must do pre-2020.

The "Paris Agreement", which is legally binding and will come into force in 2020.

Below are some of the key issues agreed upon at COP21:

Purpose/ambition

The agreement provides for keeping the increase in global average temperatures well below 2°C, and continuing efforts to limit the temperature rise to 1.5°C.The latter is a very ambitious goal and one of the great achievements of the agreement

A long-term emission reduction horizon is established by stating that, to fulfil the agreed temperature target, "global peaking of greenhouse gas emissions" should be reached "as soon as possible".

Binding nature

The Agreement is binding since it has been configured as an annex to the Decision of the COP, which was approved and ratified by all governments that are party to it.

INDCs

INDCs (Intended Nationally Determined Contributions) are the main tool for implementing the agreement. They are mitigating goals (mainly the reduction of greenhouse gas emissions) adopted voluntarily by each country.

Tools will be developed to facilitate fulfilment of the INDCs, but only as a guidance:

Individual stocktake: to maintain the level of ambition, countries must communicate their progress every five years, and must step up their commitment at each stocktake.

Global stocktake: Collective achievements will be reviewed in a global stocktake every five years, commencing in 2023. The findings will serve as a guide for the development of the countries' successive contributions.

Compliance: an adaptation committee has been established to analyse and facilitate implementation and compliance, but without the power to impose sanctions.

Market mechanisms

Emission reductions will be tradeable (internationally transferred mitigation outcomes) and, under a suitable accounting and transparency framework, may lay the foundation for an international market in CO₂.

The importance of carbon pricing as a tool for incentivising emission reduction activities has been recognised.

Finance

The developed countries must contribute funds (100 billion dollars per year committed from 2020) and the amount of funds mobilised must increase progressively.

Transparency

A transparency framework common to all countries has been created which will include information on emissions and sinks (carbon sinks), and also on adaptation, funding, technology transfer and capacity building.

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Sustainability is understood as the development that meets the present needs without compromising the capacities of future generations, ensuring the balance between economic growth, environmental care and social welfare. In Sustainability for all we promote the awareness and difussion of good practices that allow to combine economic and social development with the preservation of natural resources.